UBS Group AG partner Clearmatics continues raising its funds while UBS is working with blockchain.
To cover potential losses of 9 billion francs ($9.9 billion) that result from winding down parts of Credit Suisse’s business, UBS has reached an agreement with the Swiss government.
The banks exchanged sensitive information and trading plans in a chatroom called “Sterling Lads.” As a result, traders were able to decide on whether and when to trade the currencies they had in their portfolios based on the information they received, without taking risks.
According to the report recently published by UBS, the number of billionaires in the world has increased by 40% over a period of five years.
Following a strange corporate governance structure and other methods, WeWork’s largest investor is now looking to have Adam Neumann removed as CEO.
UBS Group AG partner Clearmatics continues raising its funds while UBS is working with blockchain.